The Bank has been assigned the nodal agency role by the Government of India for implementing various Government subsidy schemes viz CLCSS, TUFS, IDLSS, FPTUFS and TEQUP.
Subsidy of ₹60.90 crore released to 691 MSMEs
Cumulatively, facilitated the release of subsidy to the tune of ₹3,427.08 crore, to 40,692 MSMEs
Under TUFS, 212 subsidy claims amounting to ₹2.78 crore released for SIDBI’s directly assisted units and 489 subsidy claims aggregating to ₹3.68 crore in respect of co-opted PLIs
Under TEQUP, 691 claims aggregating ₹54.44 crore were released. The TEQUP scheme has since been subsumed by CLCS-TUS
Under MSE-CDP, 60 proposals of CFC and industrial Infrastructure appraised by the Bank were cleared by NLSC. 12 proposals forwarded to NLSC for approval
Ministry of MSME announced the continuation of the CLCSS component under a recently formulated CLCS-TUS scheme, for 3 years from 2017-18 to 2019-20
